The Bangko Sentral ng Pilipinas’ (BSP) First Philippine Polymer Banknote Series (FPPBS) won the “Best New Banknote or Banknote Series” award from the International Association of Currency Affairs (IACA). The award was presented at a ceremony in Bangkok on May 28, 2025.
The IACA praised the FPPBS for its security features, overall design, and the incorporation of local flora and fauna endemic to the Philippines.
“The FPPBS introduces innovative features that redefine currency security in the Philippines,” IACA said in a statement. “These advanced security features are seamlessly integrated into the overall design, ensuring both functionality and aesthetic appeal. These elements create a robust and secure currency system.”
IACA said the “overall design of the Philippine polymer banknotes is captivating,” noting that the featured species enhance “the banknotes’ aesthetic appeal” and serve as a testament to the “Philippines’ rich culture and natural heritage.”
“This recognition affirms our commitment to innovation in currency design, ensuring that our banknotes meet the global standards of security and sustainability,” said Mamerto Tangonan, BSP Deputy Governor for payments and currency management.
